Exam 1: Organizations and Organizational Effectiveness

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Researchers analyzing what CEOs and managers do for measuring organizational effectiveness, have pointed to ________ as the three most important processes managers use to assess and measure how effective they, and their organizations, are at creating value.

(Multiple Choice)
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Discuss the external resource approach to measuring organizational effectiveness.

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Which of the following is an output created by an organization?

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Competitive advantage is the ability of one company to outperform another because its managers are able to create more value from the resources at their disposal.

(True/False)
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Top management's ability to perceive and respond to changes in the environment or to initiate change and be first to take advantage of a new opportunity indicates the effectiveness of the organization as per the ________ approach.

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A contingency is an event that might occur and must be planned for.

(True/False)
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Define entrepreneurship.

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Coca-Cola takes pride in a long-term commitment to employees; Pepsi is very political and competitive. These are differences in organizational ________.

(Multiple Choice)
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Economies of scale are cost savings that result when an organization is able to use underutilized resources more effectively because they can be shared across several different products or tasks.

(True/False)
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The organizational environment is a set of forces and conditions that operate within an organization's boundaries.

(True/False)
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